It's been a wild fun ride since 2003/2004...

Hi Uddalok, the USA is a big place, and rents vary wildly from market to market.

Hi @Mack K Everly,- 32 years-old is a great age to learn about investing..... younger than many who have succeeded wildly.- a <200K turnkey duplex that will cash flow immediately at $400-$500 a month while being managed by a good friend - wow, doesn't sound like too tough a decision.

I don't know, I'll take a wild shot and guess they're probably representing the BROKERAGE?

I've accounted $70/mo for insurance(wild guess, waiting for response from insurance agent to get more accurate idea) 8% towards property management, 5% for vacancy, 7.5% for repairs and maintenance, $80/mo for lawn care & 25.50 for trash service.

The 50% rule, gives you a wild guess based on assumptions that may or may not be accurate for your property, that the formula assumes generates a WAG for all properties.Forget the 50% rule, or any other rule, where the answer is based on a percentage. 

It also wasn't too "luxury," which meant it could use a little personal touch from us. and we didn't have to pay wild prices.

@Matthew Irish-Jones that's wild man, it's a good time to be a seller or investor right now.

Add some character.....maybe western, since Arizona is considered 'Wild West' ?

Americans are eager to go away for vacation, eat dinner out, visit a museum, take in a ball game or do many of the wild and crazy things that were largely off limits in the past year.